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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 25, 2016
Jun. 26, 2016
[1]
ASSETS    
Cash and cash equivalents $ 2,503,960 $ 5,039,322
Investments 3,329,425 1,788,612
Accounts receivable, less allowance for doubtful accounts of $5,038 as of December 25, 2016 and $5,155 as of June 26, 2016 1,426,307 1,262,145
Inventories 1,018,891 971,911
Prepaid expenses and other current assets 225,291 151,160 [2]
Total current assets 8,503,874 9,213,150
Property and equipment, net 672,553 639,608
Restricted cash and investments 255,175 250,421
Goodwill 1,385,684 1,386,276
Intangible assets, net 487,897 564,921
Other assets 215,876 209,939 [2]
Total assets 11,521,059 12,264,315
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Trade accounts payable 445,113 348,199
Accrued expenses and other current liabilities 847,167 772,910
Deferred profit 407,843 349,199
Current portion of convertible notes and capital leases 957,895 947,733 [2]
Total current liabilities 2,658,018 2,418,041
Senior notes, convertible notes, and capital leases, less current portion 1,768,713 3,378,129 [2]
Income taxes payable 238,968 231,514
Other long-term liabilities 262,351 134,562
Total liabilities 4,928,050 6,162,246
Commitments and contingencies
Temporary equity, convertible notes 197,313 207,552
Stockholders’ equity:    
Preferred stock, at par value of $0.001 per share; authorized - 5,000 shares, none outstanding 0 0
Common stock, at par value of $0.001 per share; authorized, 400,000 shares; issued and outstanding, 162,357 shares at December 25, 2016 and 160,201 shares at June 26, 2016 162 160
Additional paid-in capital 5,668,325 5,572,898
Treasury stock, at cost; 101,502 shares at December 25, 2016 and 101,071 shares at June 26, 2016 (4,497,714) (4,429,317)
Accumulated other comprehensive loss (70,077) (69,333)
Retained earnings 5,295,000 4,820,109
Total stockholders’ equity 6,395,696 5,894,517
Total liabilities and stockholders’ equity $ 11,521,059 $ 12,264,315
[1] Derived from audited financial statements
[2] Adjusted for effects of retrospective implementation of ASU 2015-3, see Note 2 and Note 11 for additional information.